Hong Kong Insurance Report Q1 2016

Date: December 23, 2015
Pages: 58
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

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Includes 3 FREE quarterly updates

BMI View: Hong Kong's enormous life insurance segment is sophisticated and dynamic. All major trends - including the insurers' own ability to develop and distribute attractive new products - are favourable. In the non-life segment, growth will likely be driven by the expansion of the accident & health insurance subsector.

Latest Updates And Forecasts
  • Hong Kong's insurance sector is dominated by the massive and dynamic life segment, which accounts for about 87% of all premiums written. Growth in life insurance premiums will be driven by a number of factors. These include Hong Kong's persistent surplus of savings and the central role played by life insurance in organised savings. In addition, the population is ageing: demand for the insurers' retirement income solutions is rising. The life insurers have been enjoying double digit growth in new business: this is partly because of their development of attractive new products and partly because of their distribution strategies - which normally rely on multiple channels. Finally, there are substantial, and still growing, opportunities to sell protection, savings and wealth management offerings to residents of mainland China.
If anything, the risks to forecasts are to the upside.
BMI Industry View
    Table: Headline Insurance Forecasts (Hong Kong 2012-2019)
Industry Forecast
Life Premiums Forecast
    Table: Life Premiums (Hong Kong 2012-2019)
    Table: Life Insurance Claims (Hong Kong 2007-2014)
Non-Life Premiums Forecast
    Table: Non-Life Premiums (Hong Kong 2012-2019)
    Table: Non-Life Insurance Claims (Hong Kong 2008-2014)
Non-Life Sub-Sector Forecast
    Table: Non-Life Insurance Premiums by Product Line (Hong Kong 2012-2019)
Industry Risk Reward Ratings
Asia Pacific Industry Risk/Reward Index
    Table: Asia Pacific Insurance Risk/Reward Index
Market Overview
Life Market Overview
The Product Offering
    Table: Life Insurance Market (USDmn), 2007-2014
The Competitive Landscape
    Table: Life Insurance Market (%), 2007-2014
Non-Life Market Overview
The Product Offering
    Table: Non-Life Insurance Market (2007-2014), USDmn
The Competitive Landscape
    Table: Non-Life Insurance Market (%) 2007-2014
Company Profile
AIA Group
Manulife Financial
Prudential plc
Sun Life Financial
Industry Forecast Methodology
Risk/Reward Index Methodology
    Table: Indicators
    Table: Weighting of Indicators
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